Pelagic Credit enters US$24.7 million pre- and post-delivery financing deal for two chemical tankers

• Pelagic Credit entered definitive agreements to finance two 10,000 dwt chemical tankers, with US$24.7 million predelivery transaction value.
• Predelivery loan funds yard progress payments to delivery, targeting about US$4.2 million in distributable earnings from fees and interest.
• Loan security includes a refund guarantee from an internationally recognized financial institution.
• On delivery, it plans sale-and-bareboat-charter-back financing for the vessels, subject to customary conditions.
• Closing expected in July 2026, marking its first investment in the chemical tanker sector.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pelagic Credit plc published the original content used to generate this news brief on July 21, 2026, and is solely responsible for the information contained therein.